Teacher Retirement System of Texas increased its stake in HCA Healthcare Inc (NYSE:HCA) by 19.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 299,434 shares of the company’s stock after buying an additional 49,143 shares during the quarter. Teacher Retirement System of Texas’ holdings in HCA Healthcare were worth $39,040,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Chicago Equity Partners LLC raised its stake in HCA Healthcare by 4.6% in the 4th quarter. Chicago Equity Partners LLC now owns 1,841 shares of the company’s stock valued at $229,000 after acquiring an additional 81 shares during the period. Quadrant Capital Group LLC raised its stake in HCA Healthcare by 11.2% in the 4th quarter. Quadrant Capital Group LLC now owns 847 shares of the company’s stock valued at $93,000 after acquiring an additional 85 shares during the period. Cornerstone Advisors Inc. raised its stake in HCA Healthcare by 19.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 587 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares during the period. Securian Asset Management Inc raised its stake in HCA Healthcare by 0.4% in the 1st quarter. Securian Asset Management Inc now owns 27,942 shares of the company’s stock valued at $3,643,000 after acquiring an additional 102 shares during the period. Finally, CWM LLC raised its stake in HCA Healthcare by 10.4% in the 1st quarter. CWM LLC now owns 1,181 shares of the company’s stock valued at $154,000 after acquiring an additional 111 shares during the period. 71.54% of the stock is currently owned by institutional investors.
In other news, insider Jon M. Foster sold 44,281 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $122.28, for a total transaction of $5,414,680.68. Following the completion of the transaction, the insider now owns 96,052 shares of the company’s stock, valued at $11,745,238.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.
HCA Healthcare (NYSE:HCA) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.66. HCA Healthcare had a negative return on equity of 112.65% and a net margin of 7.71%. The firm had revenue of $12.52 billion for the quarter, compared to analysts’ expectations of $12.34 billion. During the same period in the prior year, the business posted $3.18 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Equities analysts expect that HCA Healthcare Inc will post 10.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, May 31st. HCA Healthcare’s payout ratio is 16.38%.
HCA has been the topic of a number of research reports. Deutsche Bank boosted their price objective on HCA Healthcare from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. SunTrust Banks boosted their price objective on HCA Healthcare to $175.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. Leerink Swann boosted their price objective on HCA Healthcare from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. ValuEngine cut HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Stephens initiated coverage on HCA Healthcare in a research note on Monday, January 14th. They issued an “overweight” rating and a $143.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $149.41.
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HCA Healthcare Profile
HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.
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